Latest news from Greece: Greece to submit priorities for Recovery Fund allocations in October, FinMin says

Latest news from Greece: Greece to submit priorities for Recovery Fund allocations in October, FinMin says

Greece will submit to the European Commission its priorities on exploiting of funds allocated by the Recovery Fund in October, Greek Finance Minister Christos Staikouras said on Thursday.

In comments made to Mega TV, Staikouras said that the Greek proposals will have two legs: first, dealing with the impact of the coronavirus pandemic on income, employment, small- and medium-sized enterprises and public health, and second, the priorities for economic recovery. 

The Greek minister said the country, in the framework of the national ownership of the specific program, will seek to offer direct help to households and enterprises and that the government’s will, and not only the Greek one's, was that disbursements from the Recovery Fund happen within 2020. He said that the European Commission’s proposal was "emblematic, fully aligned with the great needs of the European economy, fair and flexible”. 

He reiterated that the European Commission's SURE programme will be launched on June 1, with the aim to support employment, as will the borrowing from the European Investment Bank for Greek SMEs. He added that there were credit lines available from the ESM until 2022 but underlined that all economic support measures so far had been funded by national resources.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.